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Open Roads Forum  >  General RVing Issues

 > Vacation Home Buying Fizzling. RV's too?

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harryjr

SE CT

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Posted: 05/04/22 10:19am Link  |  Quote  |  Print  |  Notify Moderator

How many think this article from the Washington Post could be reprinted substituting "RV's and Boats" for "Vacation Homes"? Those monthly payments are going to start looking ugly when you're finding it hard to pay for gas and food.

https://www.washingtonpost.com/business/2022/05/04/pandemics-vacation-home-buying-frenzy-beginning-fizzle/


Harry Jr.
Southeastern CT

Lwiddis

Near Bishop, California

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Posted: 05/04/22 10:23am Link  |  Quote  |  Print  |  Notify Moderator

Those that need to fight it hard for gasoline and food should not be RVing, boating or buying vacation homes IMO.


Winnebago 2101DS TT & 2020 Chevy Silverado 1500 LTZ Z71, WindyNation 300 watt solar-Lossigy 200 AMP Lithium battery. Prefer boondocking, USFS, COE, BLM, NPS, TVA, state camps. Bicyclist. 14 yr. Army -11B40 then 11A - (MOS 1542 & 1560) IOBC & IOAC grad


RedRollingRoadblock

Oregon

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Posted: 05/04/22 10:29am Link  |  Quote  |  Print  |  Notify Moderator

WaPo is behind a paywall.

harryjr

SE CT

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Posted: 05/04/22 10:34am Link  |  Quote  |  Print  |  Notify Moderator

RedRollingRoadblock wrote:

WaPo is behind a paywall.


Try this one: https://www.theday.com/business/20220504/pandemics-vacation-home-buying-frenzy-beginning-to-fizzle

thomasmnile

Lake Mary, FL

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Posted: 05/04/22 11:36am Link  |  Quote  |  Print  |  Notify Moderator

Owned a towable RV for over a decade.Rented many condos along the coast, couple of cabins in the Blue Ridge and Smokies. Looking back I think the week rental gave us the best value and bang for the vacation buck.....for us. Everyone's situation and desires vary, to tow,
what we owned, a truck was a must have, now it's gone.

Cabins and trailers have been replaced with Caribbean cruises unless they get outlandish.

valhalla360

No paticular place.

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Posted: 05/04/22 01:20pm Link  |  Quote  |  Print  |  Notify Moderator

Following a particular model of boat and I've noticed some more realistic prices coming out in the last couple months

I'm not sure prices will crater but I wouldn't be surprised if things settle down to more realistic levels.

Trucks might hold out a bit longer simply due to the supply shortage and the fact they are used for other purposes.


Tammy & Mike
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Crowe

Merrimack, NH

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Posted: 05/04/22 01:47pm Link  |  Quote  |  Print  |  Notify Moderator

With a 1/2% increase in interest rates you will see a decrease in large expenditures overall.


I may not have gone where I intended to go, but I think I have ended up where I needed to be Douglas Adams

RV-less for now but our spirits are still on the open road.

cptqueeg

Idaho

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Posted: 05/04/22 02:40pm Link  |  Quote  |  Print  |  Notify Moderator

harryjr wrote:

RedRollingRoadblock wrote:

WaPo is behind a paywall.


Try this one: https://www.theday.com/business/20220504/pandemics-vacation-home-buying-frenzy-beginning-to-fizzle


This article fails to consider the lack of availability of homes/2nd homes. You can't buy what is not available.

way2roll

Wilmington NC

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Posted: 05/04/22 02:55pm Link  |  Quote  |  Print  |  Notify Moderator

Technically can't access or read the article - either link. But I can tell you I live in a resort area on the coast and homes don't stay on the market for more than a few days. And all of them are multi bids way over asking price. 2 houses in our neighborhood just sold in under a day and the numbers are about $200-300k over what the owners paid 2 years ago. Rentals are the same way.


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bgum

South Louisiana

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Posted: 05/04/22 03:52pm Link  |  Quote  |  Print  |  Notify Moderator

At some point in the not too distant future I see a rash of short sales. A half point raise in interest will grow to a 3% raise as the economy cools. But I feel there won't be as many bargains as in the past.

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